Stay on top of your trades this Wednesday with the Primary Spike Controller.
First up is the Euro/Dollar with the average and peak spreads of point 23 and 2.5 pips, respectively.
The last 24 hours have been bearish for this pair, which lost point 77% or 85 pips, although it has rebounded from its lowest point at 1 0982.
US Building Permits were out at half past noon yesterday, and spreads peaked at 2.5 pips just ahead of the release.
Pound/Dollar’s long-term average reaches 1.23 pips. Spreads peaked at 4.4 pips within the last 4 hours.
The Cable went down yesterday, losing more than 1% or 136 pips, but it has since recovered most of the loss.
US Building Permits shook up the spreads for this pair as well, so let’s take a closer look.
Spreads remained elevated for a number of ticks, but they did not exceed 4.4 pips.
And Dollar/Yen’s spreads have averaged at point 42 pips over the last 24 hours, maxing out at 2.3 pips.
This pair has had a bullish morning, as it’s up by point 84% or 89 pips.
And, once again, spreads peaked as the US data came out, but 2.3 pips is as high as they went.
I’m Kiays Khalil and you’ve been watching the Main Spike Controller for Wednesday. Check back in throughout the day for the latest updates.
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